August 15, 2016 — Earlier today, the 2016 Global Innovation Index was released by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO). The Global Innovation Index ranks the innovation performance of 128 countries and economies around the world, based on 82 indicators. This edition explores the impact of innovation-oriented policies on economic growth and development.
At the top of the list were Switzerland, Sweden, UK, U.S., Finland and Singapore. China performed very well coming in at No. 25 of the rankings, joining the upper-income group of countries that have traditionally dominated the top slots on the Global Innovation Index. India improved 15 places from 81 to 66.
Although Nigeria ranked 114 out of 128 countries on the Index, there were very good signs of innovation on the African Continent in general. South Africa, Kenya and Morocco topped the list from this region
Overall Ranking of African Countries on the Index:
South Africa: 54